January 18, 2024 10:21 am
The Philippines’ farm ministry announced on Thursday that poultry imports from Japan had been temporarily prohibited because of an outbreak of avian influenza. The Philippines’ Agriculture Minister Francisco Tiu Laurel said that the import ban was required in order to protect the local poultry population from exposure to the H5N1 avian flu strain. “Only wild […]
Read moreJanuary 12, 2024 11:40 am
China has lifted a five-year ban on pig and pork products imported from Belgium, which was put in place due to an outbreak of African swine fever in 2018. Belgium’s exports of pig and pork products to China must meet statutory inspection and quarantine requirements, the General Administration of Customs and the Ministry of Agriculture […]
Read moreJanuary 8, 2024 8:52 am
Spot Gold retreated on Monday, set to extend the 0.84% loss from the previous week, ahead of the key US CPI inflation report on Thursday that could affect Federal Reserve’s rate outlook. The yellow metal came under pressure last week, as investors pared expectations of sizable and early interest rate cuts by the Fed this […]
Read moreJanuary 3, 2024 8:44 am
The world’s top oil exporter, Saudi Arabia, may cut price premiums on all crude grades it sells to Asian nations to lowest in a year in February, despite escalating tensions in the Red Sea. According to a report by Reuters, citing knowledgeable sources, the official selling price for Saudi Arabia’s flagship Arab Light crude over […]
Read moreDecember 28, 2023 9:46 am
According to a report by Reuters, Qatar has agreed to supply Shell in Singapore with up to 18 million barrels of oil per year under a five-year deal. QatarEnergy said that it would supply Shell International Eastern Trading Company with Qatar Land and Qatar Marine crude oil over the course of five years, beginning in […]
Read moreDecember 21, 2023 8:09 am
Futures on US West Texas Intermediate Crude Oil edged lower on Thursday and looked set to snap a three-day streak of gains, since demand-related concerns after an unexpected US crude stock build overshadowed worries over disruptions to global trade. WTI Futures rose over the past several days on investor concerns over trade disruptions, after major […]
Read moreDecember 15, 2023 8:18 am
Spot Gold was on track to register a weekly advance, supported by prospects of Federal Reserve rate cuts in 2024, which drove the US Dollar and US bond yields lower. The Federal Reserve left the fed funds rate target range without change at 5.25%-5.50% for a third successive policy meeting in December, as largely expected. […]
Read moreDecember 14, 2023 10:23 am
Costs to produce solar panels in China have slumped 42% over the past year, according to a Reuters report. This way, local manufacturers have gained a significant advantage over competitors based in the United States and Europe. Solar panel production cost in China has decreased to 15 cents per watt in 2023 from 26 cents […]
Read moreDecember 8, 2023 12:17 pm
The US Federal Permitting Improvement Steering Council on Thursday gave final nod to the construction of a $1.5 billion offshore wind farm off the coast of Rhode Island. Known as Revolution Wind, the project is expected to generate a total of 704 megawatts of clean energy to Connecticut and Rhode Island. The project is run […]
Read moreDecember 4, 2023 11:43 am
Having risen to a fresh all-time high of nearly $2,150 during Monday’s Asian session on rising expectations that the Federal Reserve could begin cutting interest rates next year, Spot Gold eased a bit, but continued holding above the $2,000 mark. Market players added to bets that a rate cut could come in the months ahead, […]
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